Capital markets news | Wed 10 Jul 2024
Equity
- Johor Plantations up 7% on Main Market debut Edge NST Star
- Kenanga underwrites Vetece’s ACE Market IPO Edge Star
- RichTech files for ACE Market IPO Edge
- Ann Joo proposes RM166m 1-for-4 rights issue with warrants Edge
- Eduspec proposes RM30.54m private placement for E&E testing Edge
- Foreign funds return to Bursa with RM394.5m weekly inflow Edge Mail NST Star
- Malaysia’s equity market capitalisation hits RM2t Mail
- Temasek not concerned about reviving SGX Edge
- Sharp decline in Southeast Asian IPO market in 1H2024 Edge
- South Korean govt to address Korea Discount Star
- Bobby Jain’s complex hedge fund debut spawns fans and doubters Edge
- MacroStrategy founder says investors’ AI exuberance created bubble Star
Debt
- Johor Corporation’s AAA ratings affirmed RAM
- Triplc Medical’s senior sukuk AA1 rating affirmed RAM
- SGX has no immediate plans to allow crypto listings Star
- Ping An Insurance mulling USD2-5b convertible bond sale this year Edge
- Apollo makes 1st hire for Japan private credit coverage Edge
- Aramco to issue USD3b bonds in 10, 30, 40-year tenors Edge Star
Mergers and acquisitions
- Maxim Global buys land in Subang Jaya for RM95m Edge Star
- NTT to compulsorily acquire remaining GHL shares Edge
- YTL Power, SIPP own 53.19% of Ranhill Utilities at MGO close Edge
- Bumi Armada up 3-month high on MISC’s potential acquisition Edge
- Kerjaya Prospek seeks to replenish land bank Edge
- AGX expands to Vietnam with 60% subscription of AGX Logistics NST Star
- Tex Cycle has more M&As in the pipeline Star
- Temasek-backed 65 Equity Partners invests SGD100m in Hi-P Edge
- Australian auto parts retailer Bapcor rejects Bain’s USD1.2b bid Edge
Projects and business
- Vestland bags RM195m Kelantan expressway earthwork contract Edge Star
- Theta Edge wins RM673.8m IoT contract in Ampang Jaya Edge Star
- 15 LOAs for Sabah Pan Borneo Highway Phase 1B by 3Q2024 Edge Star
- Petronas begins 1st gas production at Jerun field offshore Sarawak Edge NST Star
- Gamuda, Singapore’s QIP form GBP100m UK student housing JV Edge
- Singtel, SKT to collaborate on next-gen networks, 6G Star
Economy and market news
- Malaysian Islamic banks’ funding profile issues remain 5 more years Edge
- CPO prices to trade RM3.8k-RM4.2k per tonne in 2H2024 Edge
- Chinese brands force Honda to shutdown Thai factory Edge
- Thailand, South Korea launch 1st round of trade talks Star
- Indonesia, US seal USD35m coral reef debt swap Star
- China to launch its 1st platinum, palladium futures NST
- Rich Chinese return to Hong Kong as Singapore steps up scrutiny Edge Star
- Asia investors wager on region’s rebound, China recovery Edge
- Economists estimate China’s 1H GDP grew more than 5% Star
- Powell says more good inflation data would boost Fed confidence Edge
- Turkiye lifts clean electricity output to new highs in 1H2024 Star
- Carlos Slim’s firm to invest in Mexican gas field Star
